According to a new market research report published by Credence Research “Plasma Cutting Machines Market (by Type: Single Flow Plasma and Duel Flow Plasma; by Control: Manual and CNC; by Industry Vertical: Automotive, Aerospace & Defense, Industrial Manufacturing, Salvage & Scrapping, HVAC and Others (Workshops, Construction, etc.) – Growth, Future Prospects, and Competitive Landscape, 2018-2026”, the plasma cutting machines market estimated to grow with a CAGR of 5.8% during the forecast period from 2018 to 2026.
Plasma cutting machines became one of the most vital cutting tools among other non-conventional machine processes. Its ability to shear through metal sheets and tubing with high thickness made the machines one of the most preferred in automotive, industrial manufacturing, aerospace and HVAC industries. The principal of using hot gas in the form of plasma to cut through heavy metals and alloys made a significant journey from simple machines to advance high-definition CNC plasma cutting machines. Introduction of new alloys and incorporation of those alloys for several end-use applications certainly encouraged the adoption of plasma cutting machines. Continuous development in machines and introduction of duel flow plasma nozzles (shielded and unshielded) and incorporation of CNC elaborated the degree of accuracy and improved the quality of end product desired.
Asia Pacific is the leading region in terms of market value in global plasma cutting machines market. Developing countries in Asia Pacific such as China, India, and South Korea are consistently boosting their manufacturing capabilities to match optimum product quality. The aforementioned countries are extensively incorporation non-conventional machining processes including plasma cutting machines. Continuously developing industrial manufacturing and automotive sector expected to help Asia Pacific to retain its dominant position plasma cutting machines market.
Overall competitive landscape of plasma cutting machines market is highly fragmented with leading machine tools and control system manufacturers face-off each other for market share. Developing countries across the globe are providing numerous growth opportunities to these companies. However, the companies have to keep a check on changing market trends and should be ready to incorporate advanced technology. Few of the major notable players profiled in this research study AJAN ELEKTRONIK, Automated Cutting Machinery, C&G Systems, ERMAKSAN, Esprit Automation, HACO, Hornet Cutting Systems, Miller Electric Mfg, MultiCam, SICK, SPIRO International, The Lincoln Electric Company, Voortman Steel Machinery, and Würth among others.
The complete report is available at https://www.credenceresearch.com/report/plasma-cutting-machines-market
Key Analysis Covered:
- Current trends and progress in plasma cutting machine market and prospects for interactive whiteboard vendors
- Need of higher accuracy and introduction of new alloys difficult to be machined by conventional methods creating a progressive environment for plasma cutting machine market
- Different segmentation of plasma arc cutting based on type, control, industry verticals, and their most appropriate market estimation considerable several global and local parameters
- Largest and fastest growing segments in terms of type, control, and industry vertical
- Ranking of geographical regions/ countries based on their market size and attractiveness for the plasma cutting machine market